Mcdonald Partners LLC Purchases 52 Shares of S&P Global Inc. (NYSE:SPGI)

Mcdonald Partners LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,070 shares of the business services provider’s stock after buying an additional 52 shares during the period. Mcdonald Partners LLC’s holdings in S&P Global were worth $1,031,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPGI. International Assets Investment Management LLC raised its holdings in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global during the third quarter worth about $224,976,000. FMR LLC boosted its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in S&P Global in the fourth quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP boosted its stake in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Stock Performance

Shares of SPGI stock opened at $539.77 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $167.49 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company’s 50-day moving average is $507.92 and its 200 day moving average is $507.77.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business posted $3.13 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 32.13%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.